Cognex Corp reports results for the quarter ended in January - Earnings Summary

Cognex

02/05/2024 19:22

* Cognex Corp  CGNX.OQ  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 13
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 4 cents to 10 cents per share.
    * Revenue rose 4.8% to $210.80 million from a year ago;
analysts
expected $200.42 million. 
    * Cognex Corp's reported EPS for the quarter was 7 cents​.
    * The company reported quarterly net income of $12.02
million.
    * Cognex Corp shares had fallen by 3.5% this quarter and
lost 1.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Cognex Corp is
$46.00 
This summary was machine generated from LSEG data May 2 at 06:22
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.08           0.11           Beat
 Dec. 31 2023      0.10           0.11           Beat
 Sep. 30 2023      0.14           0.16           Beat
 Jun. 30 2023      0.28           0.32           Beat